Published in «Russian Journal of Labor Economics»1 / 2017
DOI: 10.18334/et.4.1.37767

Unemployment and its consequences for the country's economy (statistical analysis by the example of the Russian Federation)

Kochergin Mikhail Aleksandrovich, Russia

Безработица и её последствия для экономики страны (статистический анализ на примере РФ) - View in Russian

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Abstract:
The article conducts a quantitative analysis of the key aspects of the macroeconomic phenomenon of unemployment in the Russian Federation for the period 2012-2016. We calculated indexes accepted in the world and domestic practice (employment level, unemployment rate, etc.) and analyzed their dynamics. We have made an attempt to assess the efficiency of the state regulation of unemployment in Russia. Along with the traditional indexes we calculated new indexes that allow to approximately assess direct and indirect state’s costs, which it is forced to bear because of unemployment, i.e. to determine economic consequences of unemployment. We justify the inapplicability of Okun's law for the current domestic economy.

Keywords:

"poverty trap", economic consequences of unemployment, federal budget, labor market, Okun's law, unemployment, unemployment rate
Citation:
Kochergin M.A. (2017). Unemployment and its consequences for the country's economy (statistical analysis by the example of the Russian Federation) [Bezrabotitsa i eyo posledstviya dlya ekonomiki strany (statisticheskiy analiz na primere RF)]. Russian Journal of Labor Economics, 4(1). (in Russian). – doi: 10.18334/et.4.1.37767.


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